The new board of NICON Insurance Limited has Lamis Dikko as its Chairman, Henry Ationuas Managing Director/Chief Executive Officer and John Oyidih as Executive Director, Finance & Admin.

What does D Nicon mean?

Acronym. Definition. NICON. National Insurance Corporation of Nigeria.

Is Nicon a company?

NICON Insurance Limited, one of Africa’s leading Insurers was originally owned by the Federal Government of Nigeria. The Corporation was established by Decree No.

What is the function of Nicon?

16 Other functions of NICON include: (a) to reinsure with any insurance company, reinsurance company, or association of underwriters, any risk undertaken by the corporation and for that purpose, to enter into reinsurance contracts; (b) to accept on reinsurance, any part of risk undertaken by any other person (being …

What is the meaning of Nixon?

Nixon is a surname of English, Scots, or Irish origin meaning “son of Nicholas”.

What is the full meaning of nitel?

Nigerian Telecommunications Limited, or NITEL, was a monopoly telephone service provider in Nigeria until 1992 when the Nigerian government enacted the Nigerian Communications Commission act allowing new entrants into the telecommunications sector.

Which body regulates insurance companies in Nigeria?

The National Insurance Commission (NAICOM)
The National Insurance Commission (NAICOM) was established in 1997 by the National Insurance Commission Act 1997 with responsibility for ensuring the effective administration, supervision, regulation and control of insurance business in Nigeria and protection of insurance policyholders, beneficiaries and third parties …

When was Ncrib established?

2003
The Nigerian Council of Registered Insurance Brokers was established by an Act of the National Assembly (NCRIB Act No. 21 of 2003) which was signed into law by the then President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria, Chief Olusegun Obasanjo, GCFR on 4th July, 2003 .